Buying a condo can come with fewer maintenance responsibilities than owning a house, but there’s an extra cost you’ll need to plan for: condo fees.
Condo fees are regular payments that help cover the cost of maintaining and operating the building or community. Depending on the property, they may pay for everything from landscaping and building repairs to insurance, utilities, and shared amenities.
But how much should you expect to pay, and what exactly are you getting for your money? This guide breaks down how condo fees work, what they typically cover, why they vary, and what buyers should check before purchasing a condo.
Condo Fees at a Glance
Condo fees are monthly charges that cover shared expenses for common areas (including both
Ever wonder which Calgary street actually has the highest price tags in the city? Or which community quietly holds the most household wealth, whether or not the homes look flashy from the curb?
Those are two different questions. And they have two different answers.
This guide covers both. You'll find the 10 most expensive neighbourhoods in Calgary by median home sold price, based on year-to-date data from the CREB Housing Data Map. You'll also find the 10 richest neighbourhoods in Calgary by median household income, based on the 2021 Census of Canada (the most recent income data Statistics Canada has released). These two lists tell two very different stories about where the luxury homes and the household wealth actually sit in the city.
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